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20130116
20130116
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Search Results 0 to 6 of about 7 (some duplicates have been removed)
FOX Business
Jan 15, 2013 8:00pm EST
i finish this one point. at end of day raising debt ceiling is about paying bills that have been incurred. neil: i know that, what were democrats thinking 7 year ago when they voted gain it they were just addressing. >> it was political theater then and now, but now. neil: did you see that then? >> i was in college or grad school. you should have had me on. >> barack obama -- hold on, barack obama was saying it back then, there is so much santa money from the white house, national debt was 10 trillion when he came in, it is 16 trillion, he has not thinked for his talk about corporate responsibility and millionaires and billionaires paying their fair share that last tax bill as more corporate welfare to billionaire friends of barack obama than any pork bill we've seen so far. >> obama will not last too long when they see this hypocrisy. >> i cannot believe we're calling it responsible to consider defaulting on some of our obligation today so maybe at some point in the future there will not be a debt collapse. you say we should default today so there will not be a default in the fu
FOX Business
Jan 16, 2013 1:00pm EST
: not pretty though. as you just said, tracy, less than a month away from hitting the debt ceiling. while several ideas have been floated to address it our next guest says it is time to skip the gimmicks to reach a long-term solution. wouldn't that be nice. tracy: imagine. ashley: maya mcginn necessary, committee for responsible budget and head of the campaign to fix the debt. maya, democrats came out with a new plan to eliminate the federal debt ceiling. tim geithner thinks we should eliminate it. ben bernanke thinks we should eliminate it. moody's a while ago why are we using a debt ceiling because we're one of the few countries left in the world that does. we have a debt ceiling but look at the debt problem we're in. what good is it? >> well, i think as it stands right now the debt ceiling is one of the only reminders that's there to push action. if we take a step back, think about how we should actually deal with this, which is there is a huge fiscal problem. we all know that. congress, instead of fighting over the debt ceiling and fingerpointing on the general issues, should be worki
CSPAN
Jan 15, 2013 8:00pm EST
that the debt ceiling has no rational place in this. the president addressed that yesterday, but the fact is playing russian roulette with the u.s. economy and well-being of our population has no place in an honest debate about how much ending should be cut, how much investment should be made to address these rather economic and social deficit and how to resolve this and get on to other parts of the national agenda. sooner or later the congress and the president will agree. so approach to this and senator mcconnell's comments in the last couple of weeks and the president that the key controls and the authorization process and the ability to pay those bills through the revenue services are partly not to be attached to the decision to send, not used as the point of leverage in broader and more important negotiations. >> thank you. can i just follow up and i don't know if this is a little bit of a tangent, but i want to ask you because your position and the financial site here come the same search and he is holding back recovery and i agree with you completely. do you think funding is also?
FOX News
Jan 16, 2013 1:00pm PST
is not the debt ceiling or debt limit the problem is the debt. the reason why we have a legal limit on the debt if we keep borrowing we're going to hurt everyone who lives there. i think the president is trying to scare people and distract from the main issue. he said he was going to cut the deficit his first year in office we doubled it every year. it's time to make hard decisions. there is ongoing wrong with suggesting over the next ten years, we stop borrowing from our children's future and we balance our budget. we can do that. i think most americans will agree. >> neil: you got to wonder, if the mainstream media that republicans are being obstructionists if they dare reject raising the debt ceiling but they didn't do it to a single democrat seven years ago including senator barack obama, then republicans are damned no matter what they do? >> it's part of the strategy of this administration on fiscal cliff, on all kinds of issues is to frighten people, frighten seniors. we need to reassure seniors with their truth, their social security and medicare is going to get paid unless the president
CSPAN
Jan 16, 2013 9:00am EST
necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mention it certainly went part way but it leaves another the issues still on the table, and additional negotiations and are looking. would you characterize that as an additional clip that is facing us, or do you think that it's not as concerning as it was when you raised that term initially? >> as i said, the fiscal cliff, if it was allowed to take place would have probably created a recession this year. a good bit of that has been addressed, but nevertheless we still have first fairly restricted set of fiscal policies now. it's estimated that federal fiscal policy will contract from real gdp growth something on the order of one, 1.5% visual, quite significant drag on economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not goi
CSPAN
Jan 15, 2013 11:00pm EST
't want you to use as a weapon in the debt ceiling because it's not a weapon against me. it's a weapon against the full faith and credit of the u.s. in therefore is essentially what it began to citizens of this country, our economy and the global economy. and i think he needed to be straight up and not say that essentially what i will do is look for ways around it. the republican caucus, as we said at the beginning has so dramatically change from when i joined ways and means, which by the way has jurisdiction over the days dealing. the republican party really has to decide how much it's like to with the economy of the united states. i think it would be dangerous gamble and the president was correct to essentially say strata. so i'm with him on that. >> were going to go next to family lewis, mark shields and john mccain in. [inaudible] >> i'm not surprised. >> we don't even have the go-ahead to begin such negotiations. assuming there is a negotiation that those involved in a fairly comprehensive free trade deal between the european union and asked, and take a look at what the issues are
Search Results 0 to 6 of about 7 (some duplicates have been removed)